Title
Consider/Discuss/Act on Appointing Members to the McKinney Public Facility Corporation Board of Directors
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: June 17, 2024
DEPARTMENT: City Secretary
CONTACT: Empress Drane, City Secretary
RECOMMENDED CITY COUNCIL ACTION: Approve the proposed membership, in accordance with the McKinney Public Facility Corporation (MPFC) Articles of Incorporation and Bylaws.
ITEM SUMMARY:
• Members appointed to the MPFC generally serve until resignation, removal, replacement, or term otherwise vacated.
• Current MPFC Board of Directors
o Charlie Philips, President
o Geré Feltus, Vice President
o George Fuller
o Justin Beller
o Rick Franklin
o Patrick Cloutier
o Michael Jones
• The McKinney City Secretary acts as the Secretary during the meeting of the Board.
• The MPFC last met on December 19, 2023
BACKGROUND INFORMATION:
• The McKinney Public Facility Corporation was formed on June 21, 2022, for the purpose of financing, refinancing, or providing the cost of public facilities
• Member Qualifications:
o Must be the age of majority in the State of Texas
o Must be a member of the City Council, a senior staff person of the City organization, or a citizen of the City of McKinney, Texas, who has been appointed by the City Council
• The MPFC shall endeavor to have
o At least two (2) directors with financial experience, and
o At least one (1) director with real estate law experience
FINANCIAL SUMMARY: n/a
BOARD OR COMMISSION RECOMMENDATION: n/a